TIMIA closes $2 Million Financing for BasicGov

By Mark Bakker

Posted March 5, 2019

VANCOUVER, BC – March 4, 2019 – BasicGov announced today that it has entered into a 3-year, $2 million investment facility from Vancouver-based TIMIA Capital.

Mike Togyi

The team at TIMIA offered a solution that was the right fit for us,” said Mike Togyi, CEO of BasicGov. “Finding non-dilutive ways to finance our growth is not easy in the SaaS sector. We look forward to working with TIMIA over the course of our financing facility with them.”

“BasicGov has built a much-needed government solution on the Salesforce.com platform and we’re excited to watch it grow,” said Greg Smith, CIO of TIMIA. “We’re providing flexible growth capital to help them accelerate their revenue growth. It is an honour that BasicGov chose TIMIA to support them on their path to increasing the adoption of the solution in their target market and accelerating the growth in revenue.”